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Secondary lead: Limited improvement in sentiment among suppliers to sell; downstream enterprises have poor acceptance of secondary lead prices [SMM Lead Midday Review]

Published: Aug 7, 2025 12:01

SMM August 6 News:

Today, the SMM #1 lead average price increased by 25 yuan/mt from yesterday to 16,750 yuan/mt. The sentiment of suppliers of secondary refined lead to sell improved only slightly, with non-taxed cargoes priced at 15,700-15,850 yuan/mt. Mainstream tax-included quotations were at premiums of 0-50 yuan/mt against the SMM #1 lead average price ex-factory, with some traders offering cargoes self-picked up from production site at a small discount. Downstream battery producers cautiously purchased based on immediate needs, with spot orders favoring the primary lead market and showing poor acceptance of secondary lead prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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